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Month: August 2019

Stock Magellan (MFG) $59.83 as at 13/08/2019 Event High flying Magellan released FY19 results today + announced a $275m capital raise. The results were strong, which they needed to be given the lofty heights of the current share price however as is becoming MFG custom, they beat already high expectations. Underlying profit was a 2% […]

  • Posted in ASX:MFG
  • Comments Off on Magellan (MFG) raises capital alongside a good result

Stock Challenger Financial (CGF) $6.77 as at 13/08/2019 Event Shares in the annuity businesses have traded higher today with an inline result enough to please the market’s downbeat expectations. The result saw normalized net profit before tax sneak in to the bottom end of guidance, marginally below consensus expectations. Shares in Challenger have been under […]

  • Posted in ASX:CGF
  • Comments Off on Challenger (CGF) result hits the mark

Stock J B HiFi (JBH) $30.28 as at 12/08/2019 Event JB Hi-Fi crashed through to a new 52-week high early in the session today, rallying on a better than expected result at the full year announced this morning. The consumer goods group saw profit rise 7% despite the tough retailing conditions, surpassing market expectations. The […]

  • Posted in ASX:JBH
  • Comments Off on JB Hi-Fi flying high on solid FY19
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